Why Jumia Technologies Ag ADR (JMIA) Stock Could See Much Higher Prices Ahead

Jumia Technologies Ag ADR (NYSE: JMIA) is -17.80% lower on its value in year-to-date trading and has touched a low of $1.60 and a high of $15.04 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The JMIA stock was last observed hovering at around $3.21 in the last trading session, with the day’s loss setting it -0.07%.

Currently trading at $3.14, the stock is 15.06% and 30.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.84 million and changing -2.18% at the moment leaves the stock -19.96% off its SMA200. JMIA registered -52.85% loss for a year compared to 6-month loss of -19.07%.

The stock witnessed a 49.52% gain in the last 1 month and extending the period to 3 months gives it a -22.28%, and is -11.55% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.56% over the week and 8.04% over the month.

Jumia Technologies Ag ADR (JMIA) has around 2163 employees, a market worth around $384.52M and $154.85M in sales. Profit margin for the company is -48.53%. Distance from 52-week low is 96.25% and -79.12% from its 52-week high. The company has generated returns on investments over the last 12 months (-97.74%).

The EPS is expected to grow by 43.02% this year.

Jumia Technologies Ag ADR (JMIA) Top Institutional Holders

The shares outstanding are 122.46M, and float is at 122.03M with Short Float at 5.20%.

The top institutional shareholder in the company is BAILLIE GIFFORD & CO with over 9.11 million shares valued at $63.93 million. The investor’s holdings represent 4.4707% of the JMIA Shares outstanding. As of 2024-06-30, the second largest holder is D. E. SHAW & CO., INC. with 4.26 million shares valued at $29.89 million to account for 2.0905 of the shares outstanding. The other top investors are SUSQUEHANNA INTERNATIONAL GROUP, LLP which holds 1.26 million shares representing 0.6205% and valued at over $8.87 million, while HIDDEN LAKE ASSET MANAGEMENT LP holds 0.5576 of the shares totaling 1.14 million with a market value of $7.97 million.